摘要
目前,上市公司股权分置改革正在全面推进。上市公司普遍采用的非流通股低比率送股流通,没有追溯历史,回避和抹杀了非流通股与流通股持股成本的巨大差异,是不公平公正的方案,存在股市风险后置的隐患。而非流通股高比例缩股流通,则兼顾了非流通股股东和流通股股东的利益,能够真正实现两类股东“双赢”的股权分置改革目标。
At present, the share merger reform of the listed company is carrying forward in all-round way. The existed unjustable work plan for the listed company who practices universally the work plan of dispatching tradable shares to share holders at the low ration of non-tradable State shares. This actual transaction avoids and blots out the big gap of the cost between the tradable share and untradable share which exist the share risk and hidden danger of post position. However, the circulation of non-tradable share with high ratio shrinkage includes the benefit both non-tradable share holder and tradable share-holder, the target of the share merger reform with the "win-win" will come true.
出处
《湖南城市学院学报》
2006年第2期92-95,共4页
Journal of Hunan City Univeristy
关键词
股权分置改革
非流通股送股
非流通股缩股
比较研究
share merger reform
non-tradable share benefit
non-tradable share shrinkage
comparison study